Australia’s slow growth, weaker dollar
The Aussie dollar is down on weak GDP growth yesterday, whilst the US$ falls on disappointing services ISM numbers. A rare bit of weak US data says NAB’s Gavin Friend. Plus, the latest from Paris.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Thursday 5th December 2024
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Australia’s growth numbers yesterday were a bit slower than most had expected, although in-line with NAB’s expectations. Nonetheless it was below consensus and NAB’s Gavin Friend says that was brought forward expectations for a rate cut, although that could easily slip back. The short-term impact has been a weaker Aussie dollar against a US dollar which itself falling after a downside surprise on the Services ISM read overnight. A rare bit of soft US economic data, says Gavin. As we pressed record today France was going to vote on the government’s no-confidence motion, whilst Jerome Powell was taking part in a panel discussion that markets have been holding out for. We cover off some of the early take-outs from both.
Hosted on Acast. See acast.com/privacy for more information.